The bank’s permissioned blockchain is integrated with Ant International’s Whale platform, enabling the group to manage its intragroup liquidity on a 24/7 basis. Whale is a next-generation treasury management solution that uses blockchain technology, advanced encryption and artificial intelligence to improve the efficiency and transparency of fund movements between bank accounts.
DBS has launched DBS Treasury Tokens, a blockchain-powered treasury and liquid management solution, in partnership with Ant International.
With these tokens, Ant International will be able to manage its multi-currency treasury and liquidity instantly on DBS’s permissioned blockchain for its entities across multiple markets.
